5G penetration and accelerated digital transformation boost the growth of semiconductor and tech product companies. Global decarbonization and car sales recovery benefits the automotive industry, especially their EV businesses. The 2022 Asia Supply Chain 100 (ASC 100) Ranking reveals megatrends in the tech sector.
Driven by the shortages of automotive chips, many automakers have embarked on semiconductor development, but they need to tackle multiple challenges such as cost and technical barriers, according to industry sources.
In order to speed up the development of electric vehicles (EV), Mahindra & Mahindra is changing tack and is open to sourcing more EV components from suppliers, while the company expects more competitors to eat into its dominating market share in the electric three-wheeler market.
China-based makers produced 312,000 new energy vehicles and sold 299,000 units in April 2022, increasing 43.9% and 44.6% respectively on year, according to China Association of Automobile Manufacturers (CAAM).
Carmakers are reportedly amassing automotive chips and other parts to prevent further impacts of their shortages. In fiscal 2021 (April 2021 to March 2022), Japan-based Toyota Motor registered a year-on-year growth of inventory assets by 32%, about JPY1 trillion (US$7.73 billion).
India electric two-wheeler manufacturer Ather Energy and EV charging solution provider Magenta ChargeGrid have signed an MoU to build charging facilities for Ather Energy across India, according to ElectronicsB2B and Autocar India.
The surging costs of lithium batteries and vehicle components continue to pressure suppliers of micro- and small-sized cars in China. Many of them are migrating to the mid-priced tier, whereas Tesla plans to launch cheaper models.
Hotai Motor, Toyota Motor's distributor in Taiwan, has unveiled the Japanese carmaker's battery electric vehicle (BEV) model bZ4X. It is Toyota's first BEV model arriving in Taiwan and part of its plan to launch 30 BEV models by 2030.
One month after Tesla recalled more than 120,000 units of its Model 3 in China, allegedly due to defects in rear motor inverters, the real causes of the defects remain unclear. As Tesla is the first carmaker to use silicon carbide (SiC) metal-oxide-semiconductor field-effect transistors (MOSFETs) in commercial cars, the recall has sparked debates about the reliability of SiC - the third-generation semiconductor material that is gaining favor.
Hyundai Motor India and Tata Power have entered into a partnership to build fast-charging facilities for Hyundai's dealer stores and customers, an important step for Hyundai's electric vehicles (EV) expansion in India.
As power systems of EVs differ greatly from those of oil-fueled cars, automakers require innovative technologies to manufacture and assemble key system components, leading to a growing demand for 3D measurement and quality inspection solutions to boost precision and accuracy of the components, according to Road Ahead Technologies Consultant (RATC), a 3D measurement solutions provider in Taiwan.
SK On and Ford Motor are spending KRW8 trillion (US$6.35 billion) on equipment for EV battery factories they are jointly setting up in the US states of Kentucky and Tennessee, according to South Korean media ET News.